"Socialists have certainly good reason to be grateful to Professor Mises, the great advocatus diaboli of their cause. For it was his powerful challenge that forced the socialists to recognise the importance of an adequate system of economic accounting to guide the allocation of resources in a socialist economy. Even more, it was chiefly due to Professor Mises' challenge that many socialists became aware of the very existence of such a problem.... [T]he merit of having caused the socialists to approach this problem systematically belongs entirely to Professor Mises. Both as an expression of recognition for the great service rendered by him and as a memento of the prime importance of sound economic accounting, a statue of Professor Mises ought to occupy an honorable place in the great hall of the Ministry of Socialisation or of the Central Planning Board of the socialist state."
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Academics from the United StatesAcademics from AustriaEconomists from the United StatesLudwig von MisesAustrian School economists
Original Language: English
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Sources
Oskar R. Lange, 'On the Economic Theory of Socialism: Part One', The Review of Economic Studies, Vol. 4, No. 1 (October 1936), p. 53
https://en.wikiquote.org/wiki/Ludwig_von_Mises
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Ludwig von Mises
1881 – 1973
österreichisch-amerikanischer Volkswirtschaftler
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